would still like the ratio to get down to the “major support zone” to get a real feel for the continued bull run. also, continue to watch Banking Index.
we had a VERY nice pattern coming in around the 370’s and it’s basically failed.
as you can see the high was a 1.27*ab=cd but w/ this strength thru the lower pattern that failed, would WAIT for a daily close below 372 before putting any type of short out there …
w/ the strength in the financials and the Banking Index (shown below) I would be hard pressed to put a short on w/ regard to the banks until the target above is hit … we hit that target, could be game on.